DPC Station at foot of incline, American Falls, Niagara Falls 1890 • Americans Are Spending Again – But With Less Income (WSJ) • Britain Sacrifices Steel Industry To Curry Favour With China (AEP) • China Produced More Steel In 2 Years Than The UK Did Since 1870 (Conway) • China Ends This Quarter With The World’s Worst-Performing Stock Market (BBG) • China Investment Bank Defaults On ‘Dim Sum’ Bond (FT) • China’s Little Emperors Prop Up Aussie Housing Market (BBG)
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William Henry Jackson Tamasopo River Canyon, San Luis Potosi, Mexico 1890 • Yellen Is Worried About Global Growth – And Wall Street Loves It (MW) • Yellen Says Caution in Raising Rates Is ‘Especially Warranted’ (BBG) • The US Is in for Much Greater Civil Unrest Ahead (Dent) • Steel Industry Dealt Hammer Blow As Tata Withdraws From UK (Tel.) • Bonfire of the Commodities Writedowns is Just Starting (BBG) • Japan Industrial Output Drops 6.2% In February, Most Since
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DPC Provision store. Caracas, Venezuela 1905 • US Consumer Spending, Trade Data Signal Sluggish Growth (Reuters) • Still The Land Of Opportunity? (BBG) • It’s Official: The Oil Surge Was Driven By The Biggest Short-Squeeze Ever (ZH) • Barclays Warns Commodities May Slump in ‘Rush for the Exits’ (BBG) • Oil Firms Slow Exploration to Weather Low-Price Era (WSJ) • Saudi Economy Shows Deepening Signs of Strain (BBG) • Can Anything Rescue Japan From The Abyss? (Tel.) • ECB’s Gloomy
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Albert Freeman Mrs. Alice White at the War Fund Victory Store, Hardwick, VT 1942 • The Seven Countries Most Vulnerable To A Debt Crisis (Steve Keen) • Capital and Credit (Mr. Practical) • Japan’s Negative Rates A Looming Headache For Central Bank (Reuters) • Japan Seen Stuck With Negative Yields on 70% of Bonds for 2016 (BBG) 175% & debt growth in 2015 > 10% of GDP, ranked by debt growth Read more … “If all the savings are chased
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NPC Pittsburg Water Heater Co., Washington DC 1920 • Hugh Hendry: “If China Devalues By 20% The World Is Over” (ZH) • The Great Deflation: Stocks To Plunge 80-90% – Harry Dent (Maloney) • You Are -Still- Here (ZH) • US Banks Ramp Up Push for Home-Equity Lines (WSJ) • China Warns Officials: No Unrest, Or Lose Your Job (WSJ) • China Coal Use Slides Further On Weakening Industrial Demand (BBG) • Guessing The Future Without Say’s Law (Macleod) •
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Jack Delano Freight operations on the Indiana Harbor Belt railroad 1943 • US Q4 GDP Rose 1.4% As Corporate Profits Plunged (ZH) • World Trade Collapses in Dollars, Languishes in Volume (WS) • Bank of Japan’s Latest PR Move: ‘Negative Rates in Five Minutes’ (WSJ) • Foreigners Dumped More Japanese Stocks This Week Than Ever Before (ZH) • Yuan’s Fall Drags Down Chinese Companies (WSJ) • Shanghai Rolls Out Tightening Measures To Cool Home Market (Reuters) • Affordable Housing Crisis
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DPC Shoppers on Sixth Avenue, New York City 1903 • Bubbles Spread Like a Zombie Virus (BBG) • Junk Territory: US Corporate Debt Ratings Near 15-Year Low (CNN) • Earnings Growth Based On Debt And Buybacks? Totally Unsustainable (SA) • Everyone Is Worried That A Third China Bubble Is About To Pop (BI) • Coming to the Oil Patch: Bad Loans to Outnumber the Good (WSJ) • Traders Are Betting Heavily That The Pound Will Drop To 1980s Lows (BBG)
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John M. Fox National Peanut Corp. store on Broadway, NY 1947 • Goldman to Fed: Stop Worrying So Much About the Stronger Dollar (BBG) • China Sends Fed A Warning: Devalues Yuan By Most In 2 Months (ZH) • Pimco Sees 7% Drop For Yuan, ‘No. 1 Risk For Global Economy This Year’ (BBG) • Kyle Bass Is Wrong On China: Policy Adviser Li (CNBC) • China’s Debt Bubble Threatens Global Economy (Nikkei) • China Online P2P Financing Firms Face
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Jack Delano Atchison, Topeka and Santa Fe, Sibley, Missouri 1943 • Bank Earnings Get Mauled by “Leveraged Loan” Time Bomb (WS) • Former Stock Darlings Japan, Europe Rebuked as Stimulus Gets Costly (BBG) • Technical Analysts Warn This Stock Rally Is Not Going to Last (BBG) • London House Prices Rose Almost £500 A Day In January (Guardian) • Property Bubble Ghost Haunts Central Bankers Trying to Boost Prices (BBG) • US Mining Losses Last Year Wipe Out Profits From
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NPC Ford Motor Co., McReynolds & Sons garage, L Street, Washington DC 1926 • US Existing Home Sales Tumble 7.1% In Warning For Housing Market (Reuters) • Companies Haven’t Fudged Their Numbers This Much Since 2009 (Yahoo) • Beware of Draghi Dropping Hints (FT) • Central Banks Creep Toward Uncomfortable Role as Central Planners (WSJ) • The ECB and The Mississippi Company Bubble (Macleod) • Germany Must Leave Eurozone To Save It: Mervyn King (CNBC) • Government Debt Could Bring
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